Perfect Crypto Gifts for the Christmas Holidays? Crypto Christmas 2022

Everyone involved in cryptocurrencies and banking had a challenging year in 2022. The year's defining events included the bankruptcy of massive corporations and the implementation of large layoffs by other businesses. But with the holiday season upon us, it's time to put the past behind us and make peace.

 

As 2022 comes to a finish, let's consider how we may make this holiday season extra wonderful for our crypto-enthusiastic family and friends.

Best Gifts for Crypto Lovers

Cold Wallet: The collapse of FTX exposed the rise in skepticism of centralized exchanges, one of the key trends for 2022. A cold wallet is a physical bitcoin storage device, similar to a thumb drive. 

Additionally, cold wallets offer offline storage without an internet connection. They are therefore regarded as the most secure method of storing digital assets.

 

Also read: Will Central Bank Digital Coins (CBDCs) Destroys Crypto?

The mining of cryptocurrencies can be highly profitable, but the situation is not promising at the moment. However, mining equipment might cost up to a hundred thousand dollars. But there are other options. 

Coinmine Console is a less expensive alternative to expensive mining equipment. Digital currencies like Dash, Ether, and Monero can be mined with it. The console may be set up quickly and requires little maintenance.

A gift of less FUD: The financial and cryptocurrency sectors take speculating too seriously. If not thoroughly investigated, a small rumor could have disastrous consequences. Investors must therefore recognize the benefits of conducting research. 

FUD (fear, uncertainty, doubt) spreading can have negative consequences on business and may result in injury to people. Therefore, a terrific approach to start the new year is to give the gift of doing more research and spreading less FUD.

 

Shilling is the act of promoting a coin to raise interest in it. Less shill, more chill It frequently involves working with social media influencers. Shilling wants to raise the level of anticipation so that it would grab people's attention and eventually encourage mass consumption. 

The price of the crypto token rises as a result of rising demand brought on by increased consumer spending.

In TradeFi, the shilling is not permitted. But because there aren't now clear regulations for cryptocurrencies, it's unclear what counts as legal or illegal marketing.

 

A new chapter in 2023?

Although 2022 will be remembered as one of the worst years for cryptocurrency, many people are optimistic that 2023 won't turn out the same way. While some projects are ramping up their security, others are focusing on new launches and applications. Whatever the case, many people have experienced a learning curve this year, and that should serve as our collective lesson. What has been done is done, but the lessons we learn from this will continue to guide us in 2023.

 

With that said, GatewayPK sends its warmest holiday wishes to everyone.